Vision Financial Mortgage Rates, Fees & Info
Durham, NCLEI: 549300YMPH2H8CM5WS98
Tax ID: 56-0756045
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Vision Financial is a smaller mortgage company specializing in Home Improvement and Refi loans. Vision Financial has a high proportion of conventional loans. Their top markets by origination volume include: Durham, Fayetteville, Niles, Raleigh, and Henderson among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Vision Financial has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
39Origination Dollar Volume (All Markets)
$3,125,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 26 | $1,990,000 | $76,538 | $0 | 0.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 8 | $380,000 | $47,500 | $0 | 0.00% |
| NILES, MI (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Henderson, NC (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 39 | $3,125,000 | $80,128 | $0 | 0.00% |
For 2022, Vision Financial's most frequently originated type of loan was Conventional, with 39 originations.
Loan Reason
For 2022, Vision Financial's most frequently cited loan purpose was Home Improvement, with 24 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 39 | $3,125,000 | $80,128 | $0 | 0.00% |
For 2022, Vision Financial's most frequently cited loan duration was Other, with 39 originations.
Loan Sizing
2022 saw Vision Financial place emphasis on $100,000 or less loans with 28 originations, totaling $1,350,000 in origination value.
Applicant Income
Vision Financial lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $50k-75k, with 10 originations.
Applicant Debt to Income Ratio
Vision Financial lent most frequently to those with DTI ratios of 20-30%, with 12 originations. The next most common DTI ratio? <20%, with 9 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 30 | $2,360,000 | $78,667 | $0 | 0.00% |
| Black | 9 | $765,000 | $85,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications91.11%
Vision Financial has an average approval rate.
Pick Rate
Approvals leading to origination94.87%
Vision Financial has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 39 | $3,125,000 | $80,128 |